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thing to do is to pass a debt ceiling increase because we have to pay our bills. really leaving this uncertainty hanging over our already frangie recovery is irresponsible. and to suggest that we're not going to pay our bills or tie the debt that we have to pay to anything that the republicans want to extract out of president obama is irresponsible. >> yeah. the republican that i look to right now is john cornyn. what a reversal. this guy writes an op-ed in the hometown newspaper in houston and turns around and tells the editorial board something totally different. what does that say about their leadership? >> it says they are all over the map. it says they are basically a rudderless ship and it says that they really don't get what is at stake for us economically. president obama clearly does. we've had 34 straight months of job growth, begun to get this economy turned around, unemployment rate is continuing to drop. the stock market is doing well. but the republicans could very easily throw all that into the trash can if they continue to leave the market uncertain and potential
ceiling at least for now, raising it without actual passing of the equivalent number of spending cuts. you have to get every dollar for debt ceiling increases. they say the debt ceiling, they know it doesn't give them real leverage but gives them an opportunity to give real messaging. they wouldn't provide a show-down where they say not raising it. they come to terms with having lost the election. charles krauthammer wrote today, the general rule is from the single house of congress, you can't impose, aren't you failing the country? the country chose obama, if you want to save the republic, save the next election. if your conservative philosophy is indeed right, winning will come. joining me now, robert costa, and dave weigel, both of them doing great reporting, i appreciate you being here. robert, i want to start with you, tell me the thinking behind the three-month extension, why three months? >> a lot of it has to do public relations, i think what i heard from the retreat, and members in the room, they want to start to win the pr battle again, to do it they have to take the debt limit o
on the dealt ceiling. they have the votes to pass a short-term debt ceiling increase today. they will look for deep spending cuts later. it would suspend the debt limit to allow the u.s. to keep borrowing money to pay bills for three months. complicated but politically interesting. in exchange, calling on the senate to pass a budget by spring. >>> so lady fwgaga playing at t inaugural campaign bash for staffers and a special guest with her. tony bennett to sing a duet for "the lady is a tramp" sang they like so much. bennett also performed for several other presidents. >>> tough news for lady gaga. justin bieber passed her on twitter. justin bieber the most followed person on theet earth. approximate 33,300,000. >> i'm sure my daughters follow him. i will have to ask them. maybe i should follow him. >> 33,300,001 with soledad. >>> did beyonce lip sync. here is how it went on inauguration day. ♪ and the rocket's red glare the bombs bursting in air gave proof through the night that our flag was still there ♪ >> so much fun to watch in person. we were really like right up in front. the ma
-- >> in the liberal, democratic primaries in 2016. >> let's talk about the debt ceiling, maybe doing something on monday, to cutting off paychecks. >> will there be movement next week? >> they can do it. republican leaders are saying let's not have a fight with the president over it. the politics are terrible, so what they want to do is say, look, we'll give a debt ceiling increase, but what you have to do in the signal is pass a budget. that's the current thinking right now. that gives them more leavage. >> i guess you guys will talk about the second term? >> we have senator schumer, senator cruz from texas, so we'll talk about guns, the debt, and great roundtable, too. and where there's some real challenges and opportunities there as well. you appeared in it. >> i don't want to commen about any of that. it has nothing to do with me. the nra does what it does. the ad is factually incorrect. i think, you know. this is not about me. i ask tough questions on both sides on my program. people sometimes want to make me a political target, which i shouldn't be. in this particular case, they're takin
, let's pass the debt ceiling extension but deal with it the next time. we were here in august of 2011. we had the "gang of six", we had the super-committee, all these smart people that were supposed to come up with a resolution how we're not getting back to this spot and guess what? we're here. melissa: absolutely. dennis i will kick it back to you on that one. everyone thinks this sound like, i don't want to say it is, such a cliche, kicking the can down the road again. >> we have to deal with this, this is wasteful spending. we have an element no one is talking about i want to introduce on the show. you have exponential growth of debt due to compounded interest. we have structural problems the way we handle our money system. this is something that we're going to have to address sooner or later. you can kick the can down the road but we'll still have debt. we have to deal with the underlying issues how these debts are created. cut the wasteful spending but also look at the, at the system that we have that causes the debt to grow exponentially because of the come pounded interest. mel
the debt ceiling for three months in exchange for passing a budget. >> it's time for us to come to a plan that will, in fact, balance the budget over the next ten years. >> reporter: today, white house press secretary jay carney indicated the president would not oppose a short-term solution. now, the battles begin in earnest tomorrow when the house is expected to vote on the debt ceiling bill and when secretary of state hillary clinton will face some tough questions from congressional committees when she appears before them to talk about the terrorist attack in benghazi. brian? >> kristen welker on the white house north lawn tonight, thanks. >>> late word tonight that top u.s. commander in afghanistan, general john allen, has been cleared of engaging in any inappropriate behavior regarding his e-mail exchanges with the woman from tampa, jill kelley. this case came to light originally as part of the petraeus affair. and an investigation was launched. >>> the u.s. state department confirms today three americans were indeed killed during that four-day hostage standoff in algeria. seven ameri
at that point we'll deal with the debt ceiling. so it was a way to put some pressure on mitch mcconnell. but mitch mcconnell seems to think that okay we'll pass a budget in the senate and then use that as possible leverage with the republicans in the house who might hold up the debt ceiling. >> michael: that makes perfect sense that that is what they are trying to do it is really just passing the buck. the white house held a firm line on saying we're not going to negotiate at all on this debt ceiling, and it worked. do you think this is a lesson that may carry for four years, when they see themselves posturing this way rather than what they have done on other issues? do you think this might be contagious within the white house? >> remember bill clinton and what the definition of is, is. with barack obama it's sort of what the definition of negotiation is. they will deal with the debt ceiling, and that's when you will have very active negotiations over the budget. what the house has effectively done is put this on a similar path, a similar timetable as the
would congress do? caller: i would say, first, the debt ceiling there were talking about passing, i think it's a good time, a good thing for the short term. but what is stopping them from in may saying we need three more months and just kicking the can down the road? there has to be some consequences for republicans and democrats to actually say you've got to do this by a certain time or you don't have any more money to spend, so you don't get a raise. something has to be done to snap some reality back into congress. right now our grandchildren will end up paying our debt. that is pretty sad. i never thought there would be a day that i would say that. unfortunately, it is here. host: here's more information about the debt ceiling vote today in the house. freddie joins us now from missouri on our independent line. caller: hello. i think the congress has just gotten away from us. this country is we the people. the people don't have any say about anything. congress is the only one. they keep raising their salaries. and the people out here, money wise, we are going downhill. they keep r
-month extension of the debt ceiling as a ploy to put the political pressure on the senate democrats to pass a budget, they may not even vote for this. so he has his work cut out for him to make sure that his caucus or at least the vast majority of it is on board for this. and for the senate democrats, if this three-month extension passes, it does move the spotlight, it does put the heat on them and they haven't passed a budget in years, and you know, it goes to the senate and it goes to senate majority leader harry reid and we'll see what they do. but first, john boehner has to get his folks on board in the house. >> andy, carrie, good to see both of you. thanks. >> thank you. >>> boy, it was a stunning way to cap off the inaugural festivities. the president and first lady sharing a dance at the inaugural ball of course, to "let's stay together" performed by jennifer hudson. she sang this song earlier at the commander-in-chief's ball. mrs. obama wore that amazing red dress by jason wu. her outfit will now go to the national archives. she actually took time out of her night to tweet just dan
month debt ceiling increase and debt ceiling increase is contingent on the house and senate passing a budget. the senate hasn't actually passed a budget in years. the bill also withholds congressional pay without congress passing a budget. the one problem with this for a number of republicans, there really are no other spending cuts in this. remember the boehner rule dubbed the boehner rule says any increase in the debt ceiling must correspond to equal amounts in spending cuts. >> not quite the same reaction from house minority leader nancy pelosi saying: >> so the republicans are taking the debt ceiling debate moving it off a few months perhaps take place in april or may so they can focus on the automatic spending cuts set to hit the budget at the end of february those are known as sequester and also government discretionary spending authority that runs out in march. plenty of budget fights and it looks like we will be having them just about every couple of months all the way through the spring. david: as long as you are in williams burg virginia what do you care? it is a lovely pl
begun to back off on the debt ceiling fight. you note that sandy aid passed even though it only got 46 republican votes in the house. it seems to me this strategy of laying out what you want and then negotiating is better than trying to figure out what the other side wants. >> chairman steel, there's been some discussion as to whether this was even, many of the, that progressive of a speech, but the reaction from conservative outlets -- >> oh, baby, it was. >> i have been waiting for the real barack obama to show up, and i don't mean that as a criticism. i mean that honestly. knowing him as i have come to know him over the years, going back to when he first came to washington as a senator, that's the guy that i as chairman was prepared to do battle against and framed my chairmanship and even wrote a book about how to defeat this agenda, this very progressive agenda for conservatives to wake up coming out of the slumps of 2006 and 2008. >> can i say one thing, though, and ezra, i would like to get your thoughts on this. i thought it was a progressive vision for the country. at the same
budget. >> a continuing resolution will be passed. the debt ceiling will be raised, right. >> i agree. the debt limit should be raised. >> should be raised with spending cuts and policy changes. >> why. >> so we can put our nation on a path to balance. >> why not have the fight on resolution. you're talking about future spending and not threatening the full faith and credit of the u.s. government. >> nobody is threatening the full faith and credit. >> it undermines your argument to have it during the debt ceiling debate. >> we can have this debate right now. we need it for the next month and come together a month from now and figure out where we stand. to prejudge this debate and say the president won't do x, the president won't accept cuts before we go the american people and say it's unreasonable to have a president of the united states who doesn't think we have to have spending cuts. >> i would be advising the president the same thing. look out to congress you guys send me a bill to raise the debt ceiling. >> you would be advising the president. >> use the spending sequester. it's
not have the votes on our side to pass a debt ceiling that does nothing about the real problem, nothing to deal with the real crisis, the certain crisis. it is an irresponsible thing to do, to kick that can down the road. what we have been able to do is to say, let's give ourselves four months for a serious budget cycle, with the senate says they want to pass a budget for the first time in four years, and see where our priorities are, our values are, and we can come together and work on something. i am sad our witnesses have left us, but i am glad they were able to testify to the opportunities this provides. you look for those numbers of things the president agrees on, the senate agrees on, and the house agrees on, they are few and far between. i hope this is ceased to mark. -- i hope the house will seize this one tomorrow. >> there has been discussion about why we are here at this time. i chose that we could probably take a gamble or a risk and no some of our members may have to go. i apologize. they will be representing themselves to their appropriate bodies. i think you, gentlemen. >
on their proposal, kyla campbell? >> reporter: they want to increase the debt ceiling without simultaneous budget cuts but they have a not so hidden agenda so the u.s. could focus the pressure on the senate to pass the first budget in nearly four years. this would take the debt ceiling issue off the table for now but other debates are coming in the weeks ahead. with the fiscal cliff, they have decided to put it off for months and also the current budget expires at the end of march without a spending plan in place, a partial government shut down is possible. house members are scheduled to vote tomorrow and democrats in the senate are on board with it. they are talking about it regarding the debt ceiling when i see you next, kyla campbell, ktvu channel 2 morning news. >> on our website as well, www.ktvu.com. >> i'll take that, including beyonce, she sang the national an them. >>> they are hoping to be led to the suspect involved in the robbery. three people were able to escape from the store after the shooting from the bullet proof glass. >>> they are deciding whether to approve a consulting contra
for it, but it passed -- it was deemed passed in the house. and the debt ceiling bill was used by senators as a vehicle, not as a threat. and not for leverage but as a vehicle to attach deficit reduction. so the use of the debt ceiling for the purpose that is ascribed to this one does not have a history that supports its use for this purpose. and so to the extent that you have the ability to look at this issue, i would urge that this is not only a dangerous precedent but a very likely problem for the economy when we need to emphasize economic growth and jobs. so i say that in a somewhat sober way because of what happened before. thank you. >> thank you very much. i'd like to welcome mr. brady, former chairman of the house administration committee, who's joining us today and our new chairman -- chairwoman candice miller, will be recognized at this time. chairwoman. >> thank you, mr. chairman. and i also am delighted to see you sitting in the seat there and welcome to the new members of the rules committee. i feel like i got florida covering my back over here. yeah. got your back
. for years they have failed to pass a budget, and so the debt ceiling would not increase unless the senate and house passed a budget. also, the bill would include language that if congress does not pass the budget, members, greshamission members were not a paycheck. if not, congress does not get paid. thank you. cheryl: thank you very much. over to you for breaking news. dennis: dow jones report in the u.s. negotiate hostage swaps with terrace. cbs is reporting one american hostage is dead, four others have survived in the algeria crisis over there. cheryl: every 15 minutes, of course stocks now and nicole petallides standing by at the new york stock exchange. i was watching the breaking news came, but not a big reaction from traders. why? nicole: they watch every headline, you're not really seeing a reaction from that particular headline. some of the names i pulled up, these are today's movers, caterpillar, dupont, mcdonald's, verizon, some of your best performers in the dow jones industrials of course general electric has been a good one helping things along. i also wanted to look at som
's written within the law that when you pass the budget the debt ceiling automatically gets raised and then you don't even have to have this discussion at all. even before the debt fight was pushed off in the spring the equity markets were off to the races, dow and s&p 500 hitting five-year highs. >> again today. the sixth time in a row? >> something like that, and this is just what worries scott stewart of sage view capital. >> scott's firm invests in public and private markets saying the public markets are too complacent and a pullback is a very, very big risk. what he's doing now to make money. good to see you. yes, there is no fee in this right now. the one gauge of year is at a multi-multi-multi--year low and the effect of liquidity is central banks. how markets trade stock. why are you willing to fight that? what we do is have a long-term committed capital pace, know our sectors well and wait for good opportunity to come along. i expect there will be volatility, as the european financial crisis gets dealt with, so we don't get paid to decide when the volatility will come but
in the house of representatives today pushed through a bill that will move the debt ceiling deadline to may, at least. while it doesn't solve it entirely, if the senate passes it, and the president signs it as expected, it will put off for now the threat of another political meltdown like the one that led to the downgrade of the u.s. credit rating back in 2011. >>> now we go outside, which depending on where you live, might take some steeling of yourself, given the air that has descended on a lot of our country. take, for example, nbc's kevin tibbles out in the cold tonight in chicago. kevin, good evening. >> reporter: hey, why not? well, it will take a couple more frigid days to freeze the chicago river, but tonight temperatures here in chicago, new york and elsewhere are colder than they are in juneau, alaska. [ sirens ] at one point, some 200 chicago firefighters battled a massive extra alarm warehouse fire in temperatures hovering just above zero. pouring on the water throughout the day, struggling with frozen hydrants and icy ladders. >> the stress on us, i mean, we're firefighters and
, the house passed a debt ceiling bill by a vote of 285 to 144 to let the government keep borrowing money. the bill withholds the pay of any law maker in the senate or the house if they don't vote by april 15th. the vote clears the way until the next budget battle in march. >>> it is still unclear whether a student at the university of virginia will be charged for a hoax. the campus was put on lock down around 9:00 last night when a student called to report a man with a gun. police saefrped the campus building by building. the student who made the call confessed he made the story up while being interviewed by officers. the lock down was lifted about two hours later. >> now to a fox 5 follow up on a deadly house fire in falls church virginia we told you about yesterday morning. the home on manner road went up in flames at 3:30 wednesday morning. fire investigators and gas employees were on the scene most of the day. they still don't know what sparked the fire. neighbors say the two people killed were a mother and daughter. and they say they were both hearing impaired. >> it is 8:11 now. it
house republican leaders backed away from threats to use the federal debt ceiling to force cuts in spending agreeing to vote on a new debt limit increase that will last until mid april. the house republicans' new plan would give congress time to pass a budget for the next fiscal year. if no budget is passed house republicans say they'll withhold members' pay. in a statement house majority leader eric cantor said, quote, we must pay our bills and responsibly budget for our future. next week we will authorize a three-month temporary debt increase to give the senate and house time to pass the budget. furthermore if they fail to pass a budget in that time members of congress will not be paid by the american people for failing to do their job. no budget no pay. the president's apparent victory in the debt ceiling skirmish comes three days after the house finally passed a $50 billion aid package for victims of hurricane sandy that the white house had proposed. the vote on tuesday was another show of weakness for republicans as the gop leadership let the bill come to the floor despite
and pass a bill to yet another fight over the debt ceiling. the most important aspect of this legislation is though boat and the house today that it surrenders the hostage republicans took in a decoupled for the full faith and credit of the united states because social security and medicare or anything else. this is a clean debt limit increase. we'll set the precedent for future debt ceiling extensions will have to have. by passing this bill, republican joint democrat to say we will not hold the full faith and credit of the united states hostage. we will pay the bills we have incurred. over the last two years, the bipartisan budget control act has been in love is in place of the congressional budget. so folks, please, every time you hear republicans talking about are not having passed a budget, understand it is not true. in fact, republicans voted on the budget control act. they hope this passÉ. it was a law. as senator murray announced today, this year the senate will return to regular order in the budget resolution to the senate floor. the house republicans had to add a gimmick or to t
is really set in stone. this bill would extend the debt ceiling until may 19. it requires the house and senate to pass a budget. if they pass a budget resolution, they do not get their pay with help. they are not paid until the end of this congress. republicans say they feel hopeful and optimistic that this thing will pass. a number of republicans are saying that it will pass. we will be watching that today. as for the u.s. senate and white house, they have not ruled out this proposal. they are fine with a short term debt ceiling increase. they want to see some longer-term. they have not given it exactly a seal of approval. it seems they both parties could get behind this proposal. the first step through the u.s. house. back to you. dagen: thank you for that. let's bring in our laffer, former economic adviser to president ronald reagan. politicians will never get anything serious done. >> you are probably right. they probably will not get a lot done in the long run. the debt ceiling is one tool to get a little from the democrats and bring some spending down. this is not going to be
to pass the bill, to see if their members, who have pledged not to raise the debt ceiling, who said they wouldn't do it unless there were deep cuts for every dollar, for every dollar that the debt ceiling was raised, a dollar in cuts. >> sure. >> let's see what they do tomorrow. >> congresswoman jan schakowsky, thanks for joining us tonight. appreciate it so much there a lot more coming up in the next half hour of "the ed show." stay with us. >> this is our generation's rendezvous with destiny. >> republicans can't win elections with their policies. so rights in the gang are hard at work rigging the electoral college system. the latest stunner from virginia is next. >> he's had it with taxes. he says he's going to take drastic action. he says he's had enough. >> legendary golfer phil mickelson is complaining about his new tax rates. we'll tell you why he should stick to golf. >>> and the pbs series "frontline" is out with a new documentary about a lack of accountability on wall street. >> in the due diligence world, fraud was the f word. you can't use that word. >> correspondent mar
they want to do another gimmicky kind of increase in the debt ceiling, just three months, and if a budget doesn't pass, then members of congress can't get any pay, their pay is held up, i think that we ought to ask them, then, to put up all the votes, i mean enough votes to pass the bill, to see if their members, who have pledged not to raise the debt ceiling, who said they wouldn't do it unless there were deep cuts for every dollar, for every dollar that the debt ceiling was raised, a dollar in cuts. >> sure. >> let's see what they do tomorrow. >> congresswoman jan schakowsky, thanks for joining us tonight. appreciate it so much there a lot more coming up in the next half hour of "the ed show." stay with us. >> this is our generation's rendezvous with destiny. >> republicans can't win elections with their policies. so rights in the gang are hard at work rigging the electoral college system. the latest stunner from virginia is next. >> he's had it with taxes. he says he's going to take drastic action. he says he's had enough. >> legendary golfer phil mickelson is complaining about his new
much, sue. let's get back to the breaking news in washington. a vote on the debt ceiling. we will get to john harwood in a moment on what it means for the white house and senate. but first, apple eamon javers on the hill. >> we expect it to pass, maybe tighter than republicans would like the vote count to be, but ultimately what the pleasure would do is extend the debt measure through to may 19th and politically what it does is rearranges the order of the fiscal fights we will have over the next couple of months and it means we will fight first over the sequester. remember that's that across the board budget cut postponed during the fiscal cliff fight in december and january. now that will be the first fight up at the beginning of march. republicans feel that that is a much more safe political ground for them to fight on than to fight over the debt ceiling which of course could threaten a default on the nation's obligations so we do expect this vote within the next couple of minutes here to pass by republicans, then it will go over to the senate side and the white house has signalled
and risk america's future. i will not vote to raise the debt ceiling unless first congress passes a substantive balanced budget constitutional amendment that solves the debt problem for future generations or, second, we implement sizable spanneding cuts that help get our financial affairs in order. i take this stance full well knowing the adverse economic effects of a failure to raise the debt ceiling, but also knowing, mr. speaker, that those affects pale in comparison to insolvency and bankruptcy of the america i love. mr. speaker, i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. if no other members seek recognition, pursuant to clause 12-a of rule 1, the chair declares the house >> tomorrow is the long-awaited hearing for the benghazi attack in libya. that is on c-span three. later, secretary clinton testifies. you can watch that at 2:00 p.m. eastern. outcomes back at noon eastern. a conversation from this morning's "washington journal." >> here is the place of the natural -- national prayer service. we will have coverage on c-span 3. tha
-based barriers to service." the republican controlled house has passed a measure to lift the debt ceiling until may, avoiding another new showdown with president obama for a least a few months. the move would temporarily suspend the federal government's $16.4 trillion borrowing limit until may 18 without the dollar for dollar spending cuts that republicans have demanded. in a bid to pressure the senate, the legislation calls for withholding the salaries of lawmakers if one of the chambers of congress fails to pass a budget blueprint by mid april. the senate is expected to approve the measure this week. the u.s. appears to be escalating its drone war in yemen with yet another deadly attack. at least six people were killed in northern yemen on wednesday in the fifth u.s. strike in as many days. the drone reportedly hit a moving vehicle, burning the corpses beyond recognition. recent u.s. drone attacks in yemen have killed at least 20 people and sparked protests from residents claiming a loss of civilian life. a suicide bombing in northern iraq has killed least 35 people and wounded more than 75 o
are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt, we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> reporter: senate democrats view a budget vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity. in our budget that we will pass we'll have tax reform, which many colleagues like but it will include revenues. >> reporter: the house is expected to approve the debt limit increase tomorrow. susan mcginnis, cbs news, washington. >>> today is the 40th anniversary of the supreme court ruling that legalized abortion. in 1973 the roe v. wade decision said a woman has the right to abort a pregnancy setting off a national debate. today a pro choice group will hold a rally and walk in los altos, a demonstration against female enslavement at cit
in the battle over the debt ceiling. wednesday, house republicans are expected to pass legislation allowing the government to pay the bills for the next few months. republicans made clear that it was not the right thing to do, to play chicken with the full faith and credit of the united states. >> reporter: but this debt limit deal demands democrats in if senate do something 97 not done -- they have not done in nearly four years: pass a budget. >> we clearly near a budget. there hasn't been a budget in three and a half years. the debt has gone up $5 trillion since we had a budget in the senate. >> reporter: the g.o.p. initially wanted to use a vote on the debt limit to force democrats and the president to agree to more spending cuts. randall pinkston, cbs news, washington. >>> earlier in this newscast, we showed you a 49ers fan who tattooed his love for the team in vallejo tonight. now let's introduce you to nez adrian. he is the reno tattoo artist who incorporated colin kaepernick. he had kaepernick as a can vice since 2008 when he played for t
ceiling crisis rather appears to have been averted, at least for now. a bill suspending the debt limit is headed to the senate. the house passed the measure yesterday. it allows the treasury to exceed its borrowing limit through may 18th and the president says he'll sign the legislation. >>> secretary of state hillary clinton returns to capitol hill today. she'll introduce senator john kerry tapped to take her place at his confirmation hearing. yesterday clinton spent more than 5 1/2 hours testifying before congress about the siege of the u.s. consulate in libya. she faced tough aggressive questions about the attacks which left four americans dead. margaret brennan reports. >> as i have said many times, i take responsibility. >> reporter: in her opening statement, the usually reserved hillary clinton said that for her the benghazi tragedy is personal. >> i stood next to president obama as the marines carried those flag draped caskets off the plane at andrews. i put my arms around the mothers and fathers, sisters and brothers, sons and daughter, and the wives lef
the debt ceiling until may. law americas won't get paid if they fail to pass a budget. >> american families have to do a budget. they understand you can't continue to spend money you don't have. we are committed to doing a budget on the house side that will balance over the neck ten years as time for the senate and president to show the american people how they are willing to balance a budget ore the next ten years. >> the democratic controlled senate is expect to do approve the debt bill. it has not pass add budget in four years. >> phil mickelson wasn't talking about his guolf game. he was teeing off over another apology about his tax comments. >> i have made some dumb, dumb mistakes and obviously talking about this stuff is one of them. my apology is for talking about it publicly. i shouldn't take advantage of the forum that i have as a professional golfer to try to ignite change. >> mickelson hinted earlier this week he may leave california or the united states because of how much he's paying in taxes. california has a new tax rate of 13.3 percent. that is your 5@5:00. >> tiger woods mo
that are going to allow for continuing operations of the federal government. the debt ceiling and sequestration for the debt ceiling, congressionally established limit on the amount of the public debt reached in the final days of 2012, and through emergency borrowing measures the treasury was able to continue funding the federal government. these issues should be revisited again probably in the next week. it's been quiet in dc this week. the sequestration act will allow federal obligations possibly is in this mid-february. the sequestration that was supposed to take effect on january 1 prevented cats to all discretionary funding programs. the highway trust fund that primarily funds the highway and transit account is protected, would not have been subjected to the sequestration got. the new starts funding programs, new source of funding for the central suburb project, we are keeping a close eye on that because there is a potential cut to the program. we are also keeping an i on the continuing resolution for the federal appropriations level. in october. in october 1, there was a six-m
. >>> the house has passed a bill that would prevent the united states from hitting the debt ceiling. at least right away. it's dubbed the no budget no pay act. it was proposed by republicans and it lets the treasury department borrow money until mid may as long as congress passes a budget. the measure states their pay will be with held. constitution doesn't allow the no pay thing to really happen, any way, that's why the act passed. 33 republicans, 11 democrats voted against it. one who did, congresswoman debbie wasserman schultz and she tells us it wasn't a clean increase. she's right about that. >>> in the last 48 hours or so, u.s. cargo planes, transporting about 80 troops and 24 tons of supplies. a spokesman for the u.s. africa command tells us the air lifts began monday are going to go on for several more days. our country's -- and whether we should have a role is becoming more of a concern. i couldn't help but notice this on yahoo! today, asking you, should the united states intervene in mali? a majority of people say no. >>> the faa still hasn't determined what's causing electrical pro
a bill that would prevent the united states from hitting the debt ceiling. at least right away. it's dubbed the no budget no pay act. it was proposed by republicans and it lets the treasury department borrow money until mid-may, as long as congress passes a budget by april 15th. if lawmakers don't come up with a blueprint for the budget, the measure states their pay will be withheld. constitution doesn't allow the no pay thing to really happen, so that is a pr stunt. any way, that's why the act passed. 33 republicans, 111 democrats voted against it. one dem who did, congresswoman debbie wasserman schultz and she tells us the bill wasn't a clean debt ceiling increase and only prolongs economic uncertainty. it only extents it for a few months so she's right about that. >>> in the last 48 hours or so, u.s. cargo planes made at least five trips into mali transporting about 80 french troops and more than 124 tons of supplies. a spokesman for the u.s./africa command tells us the airlifts began monday, are going to go on for several more days. i couldn't help but notice this on the front
, the house has now passed the three-month suspension of the u.s. debt ceiling. what's your comments? >> it's the same as it was yesterday. the president believes that we need to, as a country, do the responsible thing and without drama or delay pay our bills. meet our commitments. ideally we would extend a raise -- or raise the debt ceiling for a long period of time so that this is not a question, so that the uncertainty that has surrounded this issue of late because of the political strategy that house republicans have taken will be removed or would be removed. it is certainly important to recognize that the bill that passed the house today, the position that the house republicans took beginning late last week represents a fundamental change from a strategy that they pursued up until this point which is to try to link the debt ceiling to an ideological agenda of spending cuts in which the choice presented to the american people was, either face dramatic cuts in social security or medicare or we'll default on our obligations and wreck the american economy and throw the financial system int
to pass tomorrow, an effort to push off this debt ceiling to date. something that would have really expired in a matter of weeks for another couple of months. i think we will be doing this in may, so your kid is graduating from school into a nightmare. same time, same place. same bat channel. to the flight amid the tax threat. you hear about this -- those in power don't like being taxed. so former french president out of power, nicholas sarcozey and his wife are considering fleeing frarch. phil mickelson saying the same thing. the democratic leaders here better take note, if they have the money, they will run. there are reasons for both of these guys to bring back their remarks, as you know. but they do follow a trend of folk who is have means who are saying the government -- and governments are going too far. do they have a point? >> well, i think they definitely a point, neil. economics is a very dynamic social science. there is a latin phrase that means, all things being the same. the democratic policy approach is everything's the same. we can increase tax rateses or in france, w
the debt ceiling for three months, the president would not stand in the way. in the past, the obama administration has not embraced the idea of a short-term extension. >>> police investigating a shooting at a texas college that left three people injured, it happened at the lone star college just north of houston. authorities say it started with an argument between two men that escalated into gunfire. a student said chaos broke out quickly after. >> we heard shots, and automatically we saw students running. and we went under our desks. our teacher shut down the lights and we tried to take cover. >> both men were shot as well as a college employee caught in the cross fire. that employee is listed in stable condition. police did detain the two men. campus and several nearby schools were put on lockdown for hours. school will be back in session tomorrow, though. >>> california's approach to dealing with mental illness could be a model for the entire nation. that's the message state senate leader darrell steinberg took to washington today. he met today with aides to vice president joe bi
who have a debt ceiling. people got rid of it, because what jonas is saying, it's political. and the second issue is, i don't want our economy held hostage and run by washington, right now, the buffoons in congress have more power over the economy with the, you know, stupid idea. if we give them this type of power we've hurt ourselves, kick the power away as far as i'm concerned. >> isn't this a dangerous way to enforce fiscal discipline? shouldn't we be doing it because we have a budget and stick with it like most americans have to? >> well, we do have a budget, but the budgets aren't being passed. they're not being adopted. look, anything that keeps the focus on reducing debt and deficit in my mind is a good thing. getting rid of the debt limit is papering over the real uncertainty, which is american consumers, american investors don't know if and when washington will ever adopt a sensible fiscal policy. i wish we had it come up every month. >> gary b. basically steve is saying this eliminates some uncertainty and that would help. we see consumer confidence at lows again.
. >> reporter: house republicans are expected to vote wednesday on a three- month extension of the debt ceiling - but with a stipulation the senate passes a budget in the next few months. the white house says it's ready to work towards something lasting. >> what we support is a long-term raising of the debt ceiling so that we don't have any doubt or uncertainty for businesses or the global economy about the simple proposition that the united states always pays its bills >> reporter: also on the president's radar in the next four years- comprehensive immigration reform. and in the aftermath of the newtown, connecticut school schooting - a push for congress to pass tighter gun control laws. in washington, i'm tory dunnan. >> pam: the california state university system says it needs about a quarter billion dollars more in state funding. than what governor brown is proposing in his latest budget. university officials say they need 371-million dollars for the upcoming academic year to pay for salary raises. maintenance and equipment. brown wants to give the 23- campus system 125-million extra. 10-mi
republicans say they are prepared to raise the roof on the debt ceiling for another three months, a bit of a breather. in return they want guarantees from democrats that congress will work quickly to pass a budget so it can focus how to bring down the nation's debt. >>> security will certainly be tight near the capitol for the upcoming inauguration and the coastguard will keep a close eye on the rivers through the city. increased security is in place on the potomac between the key bridge and reagan national airport already. on the anacostia patrols will extend from the 14th street bridge to the 295 bridge, but from sunday through tuesday water traffic along those waterways will be closed entirely for 48 hours. >>> while the president's been working on his speech his staff has had to respond to a petition signed by 34,000 people demanding that the government build a death star, that is, death star as in the ds1 orbital battle station, you know, the one from star wars. maybe that's why the white house is changing the rules for those online petitions and bruce leshan is here to tell us all
have attached a caveat to their debt ceiling bill. they want senate democrats to do something they haven't done since 2009: pass a budget putting them on the record about to spend how much they want to spend next year and on what, scott. >> pelley: nancy, thank you. major garrett told us a momentrrett to ago the president cited the newtown tragedy in his inaugural his ina address and calling for new gun control measures but did thees but d president change any mindsge any m today? we ask we asked elaine quijano to find out. >> reporter: south philadelphia high school is in one of the toughest parts of the city. every one of principal otis toug hackney's students must pass through these metal detectors. you want to see tighter gun control measures?es >> most definitely. >> reporter: he watched the inauguration with his wife and daughter, nearly 1,300 people were shot in his city last year. like what would you like to see happen happen in the president's second term? >> i would like to see him continue to fight.you know so, you know, the time is now, we've seen what happened at
we're going to do, we're going to pass a three or four-month extension of the debt ceiling. then we're going to get into a fight on the sequester and hold the line of the sequester. this is a promise the leadership is making to us. as long as they keep that promise i think many conservatives will be ok with that. then when we get to the debt ceiling fight we're going to ask for at a minimum the one--- the one-for-one cuts that come from the boehner rule for any long-term debt ceiling extension system of if we look at that, it means that in 10 to 15 years, with very little help from the democrats, we can achieve a balanced budget which is much better than even the 23- to 27 -- better than the 23 years to 27 years and obviously better than the never balancing budget obama and the democrats have proposed for the last four years. so you look at all the data out there. all the public opinion polls say that the american people think we're spending too much money. that the american people think that we are taxing too much. but the problem is that as republicans, i think this goes to what r
down but - -- >> t the debt ceiling isis a very teorary issue. what the bond rating agencies are focused on is that we ve gone to the point where we cannot come up with taxing ructure. we're getting into o the kinds of situations that italy is in. >> where are the specific prosals? >> i will givyou a propol if you want to be ththat way.. t's raise everybody's taxes. if you a goi to p the ququestionons to me, let me resespond but l's say we increase everybody's tataxes by 25%. everybody's taxes, that is it. you sll have an $800 billi deficit. it would likely shrink the ecomy so you're not would b be smaller. we're getting to the point -- we cannot tax ouray out. that is why we wilill be downgraded.. >> that is it for our roundtable. we will be back with some closing notes after the break. >> thank you for joining us. you have options on how to connect with "washington business report." twter, facebook, and youan find a streaeamingersi of the show on wjla.com. we hope to see you back again next sunday. thank you for joining us. ♪ ♪ ♪ ♪ [ multiple sounds making melodic
to extend the debt ceiling until may 19th. that is contingent both houses of congress passing a budget. something that senate majority leader harry reid said is a big step forward for republicans. they're not calling for any spending decreases in this debt ceiling increase. the white house put out a statement said it would not oppose a short-term debt deal though neither getting real specific whether or not they would actually agree to what the house is hoping to pass tomorrow. back to you. david: rich, reading through that, frankly didn't take too long to read through the president's speech because it was so short, there was no indication, i saw no incation, one reference to the deficit, a throwaway line said we have a big deficit. we have to do something bit, with you we still have to continue with all the spending. i didn't see anything about cutting back on spending. did you? >> no, david. in fact that was more a defense of government in the president's speech, overarching theme of his governing philosophy and one has not been about cutting any type of enlightment spending when it
to raise the debt ceiling if one or two things happens. first, the constitutional amendment must pass the united states congress and sent to the people. >> that could happen. >> certainly may not happen if we don't try, the second is, substantial spending cuts. >> according to john boehner that is not going to happen either. >> a sincere effort of trying to address the problem, the trillion dollar a year deficits are unsustainable. >> we get that from republicans, i'm trying to get at what has happened within the republican congress in the house such that the day after the inauguration, the republican leadership is saying let's not raise the debt ceiling? let's pretend we simply do not have one. and do that for a period of months. is that -- is that thing going to get the votes? that is the question that luke russert asked. >> i am not on the whip team, i can't give you a firm answer. there will be no votes from republicans and yes votes, i have no idea. >> that is the question, should they vote for this thing, which by the way contains some crazy provision about congressional pay, de
news. >> rick: switching gears, house republicans are expected to vote to raise the debt ceiling for three months giving congress more time to pass a federal budget. they're warning a failure to do that could result in a freeze of salary. a poll said government spending is out of control k. this new pressure fine will he be enough to get congress to act? our political panel joining us. kristy sellser is president of new heights communication and former spokesperson for vermont governor howard dean. trey hard sun a form republican campaign manager and former aide to the gop house leadership. good to sigh both. thanks for coming in. trey, this news about this idea that we're going to freeze congress' pay unless they pass a budget in the senate, now coming under attack. i guess because of something called the 27th amendment, which forbids congress to make any changes to pay until after the next election. is this still the right way to go for the gop? >> yes, i think it is. first of all, it's always a pleasure to be on fox with kristy. but i have been dying in anticipation today to s
. we'll do it all the time. yeah, today, the house passed a bill to raise the debt ceiling, but they want to have us hit it again in a few months. they raised the debt ceiling for a few months, instead of just do this once for the year or for two years or in some more permanent way to avoid the self-inflicted economic wound they voted today that we should do this always, every few months, because remember, yeah, obama is a big spender. democrats are going along with it, slowly, but this is what republicans want to be the new normal. whether or not you think there is constitutional support for trying to take this decision out of the hands with congress, what just happened today was the reason why people want to take this particular decision out of the hands of this congress. for decades, congress was capable of handling this decision. apparently that is not the case anymore. [ ship horn blows ] no, no, no! stop! humans. one day we're coming up with the theory of relativity, the next... not so much. but that's okay -- you're covered with great ideas like optional better car r
safer, stronger and more secure. >> also out of d.c., a potential crisis over the debt ceiling. looks like it will be averted, at least until the spring. the republican-controlled house passed a bill allowing the government to avoid default and continue borrowing money and paying its bills until may. it also requires lawmakers in both chambers to pass a budget if they actually want to keep getting paid their salary. with the senate set to sign on house speaker john boehner credited the bill for forcing the democrats' hand. >> after four years i'm glad the senate has finally decided to act. because there is no indication that we're going to do a budget until we announced last week that we were going to move this bill that said pass a budget or no pay. >> paul ryan wears that orange tie a lot. boehner wears that green tie quite a bit. the democrat-controlled senate has not produced a detailed budget in 1,366 days. yesterday democratic leaders said the measure is actually a victory for the president. >> i'm not sure what happened at the house republican retreat last week, but it sure had
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